Sri Lanka news and archive

Can Sri Lanka benefit as apparel companies leave China?

In view of rising wages of garment workers in China and thus apparel companies leaving and investing in other countries, could Sri Lanka's garment industry scoop up some of China's business? This was one of the questions posed at the Sri Lanka Economic Forum 2016, which took place on January 7 and 8 in Colombo. “China is still about a third of...

Business

Sri Lanka: textile & garment exports grow to almost 5 billion USD

Sri Lankan textile and garment exports increased in 2014 by 9.4 percent, reaching a volume of 4.929 billion US dollars, compared to 4.508 billion US dollars in 2013. This is according to recent data released from the Economics Research Department of the Central Bank of Sri Lanka. The textile and garment industry is a promising sector for the...

Apparel

Sourcing countries to watch: Sri Lanka and Turkmenistan up their ante

While some speak (a bit hastily) of the Bangladesh bubble having finally burst, others are ready to push into any available gaps that this rupture or leak may open. Sri Lanka and Turkmenistan are two such countries just waiting to prove what they can do in terms of textile and apparel production. Taking advantage of its strategic location in...